─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Witham, Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is a milestone that deserves careful handling. If you have recently incorporated a limited company in Witham, Micro Entity Accounts can help you prepare First Year Accounts for Limited Company purposes that reflect the transactions actually recorded in your books — from share capital and director transactions through to sales, expenses and asset purchases. We review the accounting records you hold, prepare the statutory accounts for the first accounting period and file them with Companies House where required. Where a company also has Corporation Tax obligations, those are dealt with separately: a Corporation Tax Return such as a CT600 is submitted to HMRC, not to Companies House, and preparing one does not complete the other. Working with someone who understands first-year reporting means fewer surprises and a clearer picture of what your company needs to do next.

🔥 SAVE £100.00

First Year Accounts Preparation

(Turnover up to £100K)

£499.00

£399.00

+vat

Micro-Entity Accounts Preparation
Companies House Filing
Corporation Tax Return
Qualified Accountant Support
FRS 105 Accounts
Experienced Accountants

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Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

      EXCELLENT  
   Based on 300 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
      Posted on Google  
   
   Mansur Liman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
      Posted on Google  
   
   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail. Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable. I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
      Posted on Google  
   
   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
      Posted on Google  
   
   Ebba Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

Your first filing timeline

Incorporation

Your first filing timeline depends on your company's incorporation date and accounting reference date.

Accounting reference date

Set by default to the last day of the month of incorporation, one year on.

First accounts due

Normally 21 months after incorporation at Companies House.

First CT600 due

12 months after the end of the accounting period, with tax due earlier.

What Are First Year Accounts for a Micro Company, and Why Do New Limited Companies in Witham Need Them?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new or has only recently started operating. When a company is incorporated, Companies House sets an accounting reference date, and the company’s first accounting period generally runs from the incorporation date (or the date it began trading, depending on the circumstances) to that first reference date. That first period is often longer than twelve months, which is one reason first-year reporting can differ from the routine annual cycle a company falls into afterwards. The accounts are then delivered to Companies House where required, subject to the applicable filing deadline for that company. The label “micro company” in the heading above is deliberate but conditional. Some newly incorporated companies may qualify for the micro-entity reporting framework if they meet the eligibility requirements for the relevant accounting period, and the micro-entity framework is governed by FRS 105 — the financial reporting standard applicable to qualifying entities that use it. Qualification depends on the company’s size and circumstances, not simply on being newly formed, and a company with modest activity does not automatically qualify. Where micro-entity reporting is appropriate, the accounts are typically simpler, often comprising a balance sheet with limited notes, and a profit and loss account is not always filed publicly even though the company still needs to account for its income and expenses internally. It is worth being clear about what first year accounts are not. Statutory accounts prepared for Companies House are separate from a Corporation Tax Return, such as a CT600, which goes to HMRC, and the company’s first Corporation Tax accounting period may not necessarily match its statutory accounts period. A confirmation statement is also a separate filing, and submitting first year accounts does not replace it. Companies House does not prepare accounts, does not check whether an accountant prepared them, and does not approve them — it receives the filed accounts as part of the public record. The directors remain responsible for making sure the company’s statutory obligations are met, including keeping adequate accounting records, even where professional help is used to prepare and file the accounts.

Does Your New Company Qualify as a Micro Entity?

Even in your first period, your company must meet the Companies House size criteria to file micro-entity accounts. A company generally needs to meet at least two of these three conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── OUR FIRST YEAR SERVICES

What's Included in Our First Year Accounts Service?

Our first-year accounts package can include statutory accounts preparation, Companies House filing and Corporation Tax Return preparation where included in the selected package.

First Year Accounts Preparation

Preparation of your first set of statutory accounts under the micro-entity reporting framework, from incorporation to your first year end.

First Accounting Period Review

Review of extended first accounting periods and any separate Corporation Tax return periods where applicable.

Companies House Filing

We prepare and submit your first statutory accounts to Companies House within the filing window.

First Corporation Tax Return (CT600)

Preparation of your first Company Tax Return and supporting computations for HMRC.

Opening Balances & Set-Up Costs

We record pre-trading expenses, director loans and share capital correctly in your opening balance sheet.

─── WHY CHOOSE US

Why Choose Us

Micro Entity Accountants keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Specialists

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Fixed Fee, No Surprises

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

Included in every first year file

Confirmation of your accounting reference date

Split Corporation Tax Returns where the period exceeds 12 months

Pre-trading and formation costs reviewed

Share capital and director loan account set up

Companies House and HMRC submission receipts

─── How It Works

How Our First Year Accounts Filing Service Works

Share Your Company Details

Send us your incorporation date, accounting reference date, bank statements and any pre-trading costs through our secure portal.

First Accounts & Tax Return Prep

We build your opening balances, prepare your micro-entity accounts and your first CT600 Corporation Tax Return.

Review & Approval of Drafts

You receive draft accounts with plain-English explanations of what has been included and why, ready for director approval.

Submit to HMRC & Companies House

We file your first accounts with Companies House and your CT600 with HMRC, then confirm both submissions.

─── Why Choose Us

Why Choose Us for Your First Year Accounts?

We keep a first filing simple, transparent and easy to manage for directors doing it for the first time.

Paperless Onboarding

Get your new company set up on a fully digital, secure accounting process in minutes.

First-Year Compliance Support

We help you understand the accounting period, records and filing requirements that apply to your company's first accounts.

Fully Qualified Accountants

All work is handled by UK-qualified accountants who specialise in micro companies.

Fixed Fee, No Hidden Costs

One simple fee covering your first accounts preparation and both filings.

─── WHO WE HELP

First Year Accounts Support for Micro Companies Across the UK

Newly Incorporated Companies

Companies formed in the last 12 to 18 months filing their very first set of accounts.

First-Time Directors

Directors who have never filed statutory accounts and want the process explained clearly.

Newly Incorporated Limited Companies

Small companies with limited first-year trading, including those that stayed dormant part of the period.

Get Your First Year Accounts in Witham Prepared Properly, With Clear Support at Every Step

If you have just incorporated a company and are unsure how much of your first year actually needs to be reported, when the accounts should be filed, or whether micro-entity reporting is available to you, that uncertainty is very common among new directors. Micro Entity Accounts provides professional support with the preparation and filing of first-year accounts for eligible UK limited companies, including reviewing the records you have, agreeing the accounting period and reporting framework that apply to your circumstances, and submitting the accounts to Companies House where required. We can also point out where separate obligations — such as a CT600 for HMRC or a confirmation statement — sit alongside your accounts, so nothing is overlooked. If you would rather have your first statutory accounts handled accurately from the outset, get in touch and we can talk through what your company needs.

─── FAQs

First Year Accounts FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What are first year accounts for a limited company?

They are the first set of annual statutory accounts your company prepares, covering its initial accounting period — usually the period from incorporation or the start of trading up to the company's first accounting reference date. They normally include a balance sheet and, depending on the reporting framework that applies, may also include a profit and loss account and notes. Once prepared, they are delivered to Companies House where required. They are a Companies House filing, not a tax return.

When are first accounts due?

The deadline depends on your company's incorporation date, its accounting reference date and the Companies House requirements that apply to that first period. Because the first accounting period is often longer than twelve months, it does not always follow the same pattern as later years. We can confirm the position for your company based on its specific dates rather than assuming every new company works to the same timetable.

What information is needed to prepare first year accounts?

It depends on what your company has done since incorporation. Typically we would look at bank transactions, sales and income records, business expenses and purchase invoices, any assets bought, director transactions and loans, share capital details issued at incorporation, and payroll or VAT records where those apply. If your company has had very little activity, we will still need to understand what has and has not taken place so the accounts reflect the actual position.

Does a newly incorporated company have to file accounts with Companies House?

A newly incorporated limited company generally does have statutory accounts filing obligations, even where trading has been limited or has not yet started. The exact position depends on the company's circumstances and the applicable rules — having no significant transactions does not automatically make a company dormant, and dormancy is a separate determination. Directors in Witham should confirm their company's position rather than assume no filing is needed.

Are first year accounts the same as a Corporation Tax Return or CT600?

No. Statutory accounts go to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. Information from the accounts is often used when working out the company's tax position, but the two filings serve different purposes and have different destinations. Filing one does not complete the other, and the company's first Corporation Tax accounting period may not match its statutory accounts period.

Can a new limited company in Witham qualify for micro-entity accounts?

Possibly, but not automatically. Micro-entity reporting is available to companies that meet the eligibility requirements for the relevant accounting period, and it is not simply a matter of being newly incorporated or having low activity. Where it applies, the micro-entity framework under FRS 105 allows for simplified accounts. We assess eligibility based on your company's actual circumstances before deciding which framework to use.

Do first year accounts replace the confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms the company's registered details are up to date, and it is not replaced by filing your first year accounts. A limited company may need to submit a confirmation statement in addition to its accounts, so it is worth keeping track of both as part of your wider compliance calendar rather than treating them as one obligation.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, which may include penalties depending on how late the filing is. Paying a penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, it is worth dealing with them promptly; where an appeal is considered, eligibility depends on the circumstances and the applicable rules.